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India considering foreign institutional investment of up to 20% in LIC IPO: Report

The listing of LIC is set to be India’s biggest ever IPO, with the government aiming to raise up to 900 billion Indian rupees ($12.24 billion) from its stake sale.

September 08, 2021 / 01:55 PM IST

Indian government is considering allowing foreign institutional investment of up to 20 percent in Life Insurance Corporation, according to a government source.

The listing of LIC is set to be India’s biggest ever IPO, with the government aiming to raise up to 900 billion Indian rupees ($12.24 billion) from its stake sale.
Reuters
first published: Sep 8, 2021 01:55 pm
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